The third quarter report on reported cannabis tax revenue in California was released this week, As of November 16, 2021, the total returns showed $322.34 million in taxes collected, according to the California Department of Tax and Fee Administration (CDTFA).
FAIRFIELD The $322.34 million in third-quarter cannabis tax revenue took California’s total for the year to $972.26 million and to $3.12 billion since marijuana was legalized for recreational use.
The third-quarter revenue is 6.6% less than the adjusted $345.12 million in tax revenue receive
On July 1, 2021, when the State of Virginia's and the State of Connecticut's cannabis legalization took effect , 18 states across the nation had legalized adult-use cannabis.
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